The work that heating and air conditioning contractors do exposes them and their businesses to many potential risks. For example, they can have equipment stolen, make a mistake during a job, get into an accident on the way to a job, be injured during a job or have any number of other things happen during the course of a normal workday. HVAC contractor insurance helps shield contractors and their Massachusetts businesses form many covered risks like these.
HVAC business insurance is a specialized form of commercial insurance that’s designed specifically for heating, ventilation and air conditioning specialists. In order to offer these businesses robust protection, most HVAC contractor policies come as package policies that have several individual coverages within them.
Broadly speaking, Massachusetts businesses that specialize in heating, ventilation and air conditioning should carry HVAC business insurance. Businesses like the following usually find that these policies adequately meet their risk mitigation needs:
Contractors that provide plumbing services in addition to doing HVAC work sometimes have additional insurance needs that not all HVAC business insurance policies meet. Coverage for the additional risks that plumbing work presents is still readily available, however. An insurance agent who specializes in HVAC business policies can help contractors in this position find a policy that does offer all of the protections they need.
HVAC technicians are usually covered by their employer’s insurance policy when they’re working for their employer. In most cases, technicians who only work for their employer don’t need to procure their own individual HVAC contractor policy.
An employer’s coverage typically doesn’t extend to work done outside the scope of employment, though. In other words, side jobs that technicians might do frequently aren’t covered by an employer's policy.
As a result, technicians who moonlight by doing work on their own often do need to purchase an HVAC contractor policy for these jobs. Again, an informed insurance agent can help with finding a suitable policy for this sort of situation. Someone who’s familiar with HVAC contractor policies will likely know how to get the right coverages at a price that individuals doing part-time work on their own can still afford.
There’s no one set of coverages that every HVAC contractor policy provides, but there are several coverages that lots of policies offer as standard or available features. Some of these coverages include:
In addition to these, most HVAC contractors also need workers compensation coverage. Workers comp is an important protection that helps pay medical bills and lost wages related to workplace injuries and illnesses. Whether this coverage is purchased within an HVAC contractor policy or separately form it depends on the policy.
For help finding HVAC business insurance that will protect your Massachusetts business well, contact the independent insurance agents at Keefe Insurance. Our agents are able to show you multiple policy options from different insurance companies in the state, and they have the knowledge required to help you select the very best option from among the available policies.